Pieris Pharmaceuticals, Inc. (OTCQB: PIRS)and The University of Melbourne today announced the receipt by the University of a research grant to further develop Pieris' novel protein Anticalin®-brand therapeutic, PRS-060, in immunological diseases. The grant -- which will support Pieris' Australian subsidiary, Pieris Australia, and is disbursed by Australia's peak medical research funding body, the National Health and Medical Research Council (NHMRC) -- totals more than $AUS 500,000 and covers activities to advance PRS-060 for inhaled delivery to treat asthmatics.